Ch•rNy R•gi$tr•tytin No. 287075 Corryxny ReglBtratloTh 0170&335 (England •rtd W4le51 THE ENGINEERING TRUST ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE ENGINEERING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Try5te¢DJrectors M&SDk MresKthytt MrNJBLoK Mr R J tknnly M5 8 AO'F8rreA PAS CT Wlthx IAppohiled 26 February 2tr241 (Appdnl 15 SWombor20231 Chllrlty rwmbqr 287076 CompanynuneT 01706333 Wsteyed ofitè QX264UL Awtndrn SN4hffCCAIISthtrAts11tc¢l Forar¥J baShab & Co1w8n1$I Lld ChBrtered j15& St&luWAuthr C8$hb BusirCer1r• 181 For 228WbJfffjgM Ro*J Covorttry West Mldlands CVI 4PB
THE ENGINEERING TRUST CONTENTS Twsto& Llr*knrg reF¥rt Indep8ThJ8rt audhorf$ rewt Bala9 s Con801hY¥tsd sla1ert of ¢95h llrA 10 Notes lo ihe
THE ENGINEERING TRUST TRUSTEE DIRECTORS, REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2024 The trustee threraors prettr amual rYwi4TrJ OnwKIHls14torrnts for ts Trar oTrJ¢d 31 AugLBI 2024. Th6fnan&al aatéments Ve beenprepqr•d InOrdrNllhtsW•jb9 ¥vl tyJI in 1.1 19 the fin0nOI Stsltyh¥T$8T ¢omKlywlth the ymup'$gov8mlw d(mnI. th• Companskt 20c6¥Lnd"AccoLn9 and Reportky by charitS.. Slatetnentof Recofflmended PraGtre applkxN8 to chatibes arUnt$ ¥rtord¥n¢g Y•ilh lh$ FinDncial Rqportinp St&rnlwd appkc4b in thè UKnd Repu of lieland IFRS 1021. (eff¥e l January 20191. Thg ON>up FsffladB upclTh8 ETvJlneBrfny Trwl (Th&Tntl and s 01 suttsJlary. EndWlngTn+StTrdin Llmlted (Err). The Tnjsl regisleFed wlh Ihe Charity Commwon Effllllnd and Waks ona * A ctrnpany by 9uarAntso rgl£red at ¢4mpanlgs How. The goykn9 Atrurnpnl ofth¢Gurwny IB the MEmDra[Urn and IrKorpcYated 14 Mll¢th 1983 4$ J4rry 2024. objertv and ocuvlll Grotfj>conUnuesio be In the olengir4 promDtion ofr4rwa n the dUstry, dglvwy 8ppTrrtKoshlps cgkbratbn ollh04?Vrt1nU Inthe Industy. The maiTh Grore dèliverèd ¥la ETh, Invo1 ofapprentIOrthe Eroreerriry, M8nufyctumg and Maintenale sector&. Other u)lJattvos are a•r9d wd¢rTh¢ includhglWJtK th E¢W. th to 4UPPOrtèvonis S1} a$ m101 Apw8Nic8shlp We¢k. Women In EngkRetyand Oxtortslmre AF01•rCeSAw$4TrI cebli ofihD5e whOv[kh 8Dd lesm und&rFfT VA Ewineeilw T51Ual AwanJ¥. PulAlc Thetrwlee5 hyve into awounl ¢hurity guwJarr4 (fft bèrtsffl and tse10 Ihaiih8 tivhlsdth Tn18t in b"n9guAL. Achlw•mts •nd p•rforrnaThc• TheT TT51'SW0rk 1 8chouls ¥nd col918¢(U8O Wthfllctrt4eeVertts cF8w818lk8. OIWTru%¢ plt5 such STEM Sne1 c(rge5 owed for ihe ihird ye8r¥nd STEM SaLu#Y ckth$Te also plloled. InL¥eB$iThuT Ttugl&worfc, ar fUrthermeen9 its ¢harIAb aims. Th9TIu51 contu9d lo Tun IL8 AnnalAWards, e09sIng excel¢9 thIrt thè apprEnt9& &nd gmph)yers that wMh.11 akn. for Ikno. swsor£d a Latory withln the Oxlordshiro ApprerrtKethp Awatdsand th&North Devon man4urer8 Assoc1oAW&rds. Th8TrtLsI to sllen91he its Both by leeNn9 more Tosle¢$. cgntinuing the work lo hprove itsovet¥ighl 8nd ETh aGe$lL1re ewTneers (t0 gtr qufjlity8pplthhip% matyofwhom yo on lofvrtherleaming 3nd Qbtsinsènrof m8nagemenl becae of IheSr8p¥renlkesh(i. Ert offer? apwenknships at I?1$ 2. 3 and 4. tra1 more than 280 apprentices 8C¥OSSlhe souii) of Engknd, holthng a Grnd• 2'Good' OFSTED re5yII gcross allfour Breas from lls in6P8¢tkJn In 9me1 2022. eTh ¢Ornlnu¢d b expgrior¢o agood levd ofbu51n8s6lh p 8ts•dyflow orrpplOncos buslnèss8S choong Iv wslholrtsinlng provider. ErrvAIIp051 a 202Y24, $0oln9 th• bAn4ft1 ofchznw made to our operaUn9 modd P0$ Yea More ran luth irnprove the rnar141 poslllwwilh Ihe redudthof subwAli¥ctw •d Ihe cr&$0 In us•of The Engineerir¥J Skills Acad8my. Il$traIrj venue BKesterOxlordshlr< atsj SUrdir c¢unls o)AlvlU8 losoèa slr(xw ÈwlnÈerirg seGtorYrith Qh il companS bosed In the reg. Thre rem81& W( of1rdd stam. athn9 10 bJ8kn88585 PTDt•rthg thek fijlure by tr•rdng apprEn15 th8 Govetnmenl's cOnd push io promote apPrencesh. Th othok Dpvon. whcre a small C4K>rt ofapwenticesand iwoful Iim? staff mernber&. contlnues lo have a dIniOU00k. wSth bu4ne9s bekng tyut sknErthal Oxfo5[¥re. hs¥¥ tEli8n¢e on ¥rtntrac1d provlslon fortrdaY release dememof the apprent1t0 a IrKB1 collegewhhWIll r•mJin in the irm. i8forIhL8sthwntrtrlr to b8 ono ofthevryftwII rwirnd lor ETh4ry. n 0yPrllctfjd piovi5Uln thefutwe. had • year h len>)É 01.1•8wrf nThr$, moink apprenUShoexft Ihelrw)gr8m lreemPknr and io compiete learner5 On tme. Bolhts¢tots Fodan elWllnan¢i*ly and lfttsmis QuAlificalToD Surce56 RatsslQARI measud by thè ESFA. Aditin has bAant4 to a&lreGs both sU0 and thtrsBthangesalm 10 brirvJ Err ba¢kiniDStceptable nrnbe In trth areas.
THE ENGINEERING TRUST TRUSTEE DIRECTORS. REPORT IIN¢LUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Flrblln¢lDI 23J24 saw ihe beneflt of¢harrfJe$to the ETf nOdel, synifirnnty rEdurAfvJ sthcontrncbngand increan9 the nufflbEFS olapprentlre5 In IrainLng al Th EnginB¥iro s1¥A¢a¢My, lo84ig itlo 8 $urplu8 poU¢A$i ¢nd otWye81. T suWus has, forthe In many 5p8rs. cworod fv gFM¥J Th6 TTl1. To édd to I$, Ihoorganl¥aVon 8$ a I Casmgw IhB Lxgg8St¢h8lleng8. htrwDv8rron8lanlmarwBmenl hasmoaDlthal the oFJanl¥aUon t4 bfjgn operatedwithin 115 means. The Trust wll gel Incornefrc Ihe Err ¥urplu5 msdÈ In 2023f24 whkhwlll be used ta payforthp the Trust In 2023r24, whKh Ert ftsd to The TILBI. alm Is to leave 2n amount In The Tr110 begkn to its14virfily pgth. IKMvefihts is a lorwJ-trrn pr(b5BsSd Yjwlltske sBVW81 y&prJ. STEM SwnttrCouryJ8s& Ssturd#y STEM ¢b6 cOn1ued lo Dotmak9 a SuU5 arrtllherefore dld n0tc0nlrfb8 to The Tru51'5 Ilnandal posttion. The ynJStconlU@s io have IYe orwaihvj ¢4)ital io t4k8 into 2024125 howevw. tho ¢wreM Me1 ol ErrfundSng The Tr1,80th and ¥thJequenty recowv th2arrnunllronV vplu5glft•hl¢d lo Th• TrL Pl•ns fwfuthr• peth)d& TheTnl Th&Tntslwlllc¥Jntn it&vJDrkover nexi 12 rn¢nlh$, uwikYJ ¥nd ¢olgesv411h ¢•reeTsthicgond olid8n. 11 wlllhohg hsAnnuaiApprenite Awar¢s th OKtordghe and reIcle8 ovgm Dgwn wo. STEM Surnrnor Cowses 4nd SalLYday STEM Clubswlll lake a p3use in 24llSthist w¢ rq•wlwlo Ihp way OPtyF¥ied Coniinuing 10 ¢$¥¢ Thq Tlust dlrecl Income remaHlS• key oF4'e¢tprtwth thè Intonti(0f drwetwfyww. so tx)I bFwg 5DIBty rc]vanlon ETT rnakiry a Ir#)ne Irom suwlus remths8n bp0rtaTrt 8OUrte a$1 be more relIab In the coming ye8rs. 2D24f25 will see 8931 slrenfvn Posilknn wthln the apprenlke5hTp maet. ¥Y(ktr Wilh more employers and maxlmkln9 newstarts, app11(¥ ietenbon and complelon3. Continwng lo dqTrKlop The Etyimenng Skil3AGY rtsmain5 kgy 10 bno$S for¥YarrJ, 1h In terms ofapprenlc4Èhlpddlvèry artd othèrforms Iftraknirw. Fkndin9 aftd rtar d $181r a kBy foGus as 48 ¥truEwDy the bUfft$sioe5Ure wecan grow 5Uslainably. Mak9a sluS0¥8r81[ belwtrn b0ihdembS is kty and wains be the man this and Ihe iniertsi, in the years to wme, i3to Improve the suru¥ and Mnlribule mwv. StruGiw4 9¢JvemanGe and rjt TtU51eps pre6oTrlThartity ddiverapw1VId kvyj a broad ratwJe ofilts capablMe$ allowsforlhem to provlde effecuve Éb)vemanceftyt The Tru#and Err. Durfng thè year, Ihe Deci0rs(frS}h&g ravd the rfsks, thlch may 8ffttt Ihecharfty8nd ha¥e ed actudhplyTrhtsr8 rc•wry. 4rt¢•th• y•ar fombn rebfjrvJ shce Ihe end oftheyearls gfv¢rn In rths ID thefThrKilll slBtemBllts. ststornfjntol Iru•¢o• dlrqclDrn' r•$1$t1• The dlre¢tors. who also the dlredors Tntsi forthB purpos¢ oftornpany , &r8 respon¢ ior prepath9 IhDTpJ5tqe Dlrectors. Report and thè nnanc]al dAt4mgnts kn ran¢1th Lg¥Y Uniitht KknOrn A(uuntiDq Stards Iurmted KirvJdom Aoxpt¢d AeLounlr¥ PCt}. CnPanY Law requires Iho irttstta dirathrs Iv fin[la1 statyeiii6 fur year ¥¥hlth 9l¥e a and falr vkw olthe giaie of affairs of the group and orthe ie8our¢es appkaikn ofRsDUTces. hcluthry the illCDMe and xperLurtr. Dfthe ChartSb companyfor thatyear. In poparing fi[81 $tslem8nts. th• ar¥ red - OUn1yj p(l¢lF6 aj IhBn pY1 . obser¥& the mèthods and prfrtileg In the Ghwitseg S(¥V.' - meludgements and eknaies artr rfjasonab - st8 whthgrapDli¢abl¢ UKAe¢ounbny stsndtffls hthYèbeanfdlNYd. 3ubjccllo ary matsrial dèpariwel dmcbxed and In thPfinancb &lAtement6', and - wepare Iheflnan¢bl ststsments on thegoirvcorrnm U31 it i%inappmpriBieto prewrnelh81 9up will h owatlon.
THE ENGINEERING TRUST TRUSTEE DIRECTORS. REPORT IINCLUDING DIRECTORS. REPORTI ICONTINUEO} FOR THE YEAR ENDED 31 AUGusf2024 . slalewhthr 4pptiMbk Stsndwd¥ fo¥e 9JbJgra SJ ary malerfald2partL¥e5dsdosed expiad inthtr financial thtsrnonts., and - proparè thè fhancw swemerts on tho golrgcor8m basIsu•6s tt L% InapproprfaietD Ihal the grow The Irwoe dIr0¢W aro r•sbIg r¢rkety9 aqUa•0n1lry rawe arxurd¢yai aoy Irne th2 finanGi41 Pol)no1 gr¢up and uable them 10 ensure Ihai tr[nalIE slatemfrnts rAmWywithlhe ConwBfies Ac12Q06. They arath Tesponsltse foi sofeguardkn9the as0[& group ond hence for taklThJ re48ornble erA forlho pr8v8niion and deieribn olfraua oTrJ Oth6rkTWll8re Audlts¥r 8c4xdar wlh th6 c¢mp8nW8 8rttle8. 8 i10n propth that Sh•h a cts Ikox¥Jtontsl 0pted 0$ 8udftorofthe company11 be put al a Genr4 Mwjng. Dlsdos¥r& of ljtsmatron to audhor EKh ofthe IrL4tee 06 corfmed thatttrb nD thay8ts whth b rele¥anliO thfrauJll, buiOfwhh tho audiior Is unaware. TW hawe futtwcorfnnedlhaithpy have iaken apprwhaie stsps to such relev4nl rfomwuon to ostsblkh Ihal Ihg audNor16 aware olwxh Inform4iton. The ¢rugtee L£lreGtCq5' rewtWa8 hpproved tytrtr Boar(I Dlrtylo MrRMorf 23 May2025
THE ENGINEERING TRUST INDEPENDENT AUDITOR% REpoKr TO THE TRUSTEE DIREGTORS OF THE ENGINEERING TRUST Opkn Wfr hw audited itfinait416t¥lemerts ofTho &)9it)•8finp Trust (fv'tyusI'I an¢ Il$$Ub$ry ltho'grwp'l for the year ended 31115% 2024whkh comprfsethegfw Stthm•ntotrfftAncLglgclivMieS. thè ch&ity stswmMofnancl xlvl¥e5, th8 gioup b¥lan¢• sheel. Iho ¢h&rity balance sheet. Iho tyoup 8tslpmeniDf c8sh flyw$ 8nd the rw)te$ 10 the siatemer44 IrKludw ntttani ac¢ounUw pokkns. The IID8n¢ig1 repoffkng fr8mewoFkthBI has been applRd in the preparation 15 8ppk¥bblgw8nd UnH•d KIWI)A¢KOUrtng Sknlards, FR$ 102 The FlnwKialReportiTr9 S1and&rdplfft1ha uKandRepubkollrglLnrted lthrydorn GenerélWAr£epted AccoLrtiry Prac1wl Chadlkns SCfiP. In ow opfftknn. th8 Inar&1tlrns'. 9ve B true and lalrvWatlhe¥laie of trÈ 9roup'9 gnd the p8rth)t INsV¥ Bflgts 880131 August 2024 andof its trL¢orthg sourC&S8d appLiaiionof $0lOrthÈ >èrthen eId,. hav• WpY weparnd in a(Y4Jrdancq Unttgd KNJLli>rn Pta¢Ucg.' and hHve been pweFdred In Tthwlrarnents ofihfrCorn••5 Act2rx)6. Bao1$ for Op1 Weconducied rJur•udll in accorda wlth lrtimatkn3lStA Th4orfson Audlung (UKI (Ishs IUKII arkl applICab law. OLY reSpOlbl)i ies underihose siaThJarLL8aie Iuthtrded In IheAudtlotsre¥m•lbifrt forlhe audlolth8 stet&1$b"0n ol 0t. We are independent ollhe group In accordanre ¥wih Mquirtsmni$ Ih&ie relevant lo owr audk of th8 financial siatements th the UK thdulling tho FRC'$ Ethlr¥l Stsn¢ard, and we halL1>d our othr£th81 I•4>w$mmi1$ I arthdantsvjhh Ihw Aql•m4%. We th91 aLYli151trwe have oilahed and BPtKoprfate lo provld¢g bawIorrT opirMOn. ¢oncluslons reng to gdng conem In 8udttkng thfy11nal alwmenLg. * haw corKluded th811ftg InJ5tepdk4ciar5' uso cllh• golng concem b$ or 8ccounUng h Lh8 pFeparalbn ofth&finanGlal stalernaits Is appwale. Basgd on Itrwworkv have perforrned.wehBve ary unrertalnlles to èwon¢sorcondiwJn51 Indlvldually may cast snlficant doubl orbthv group's ablltyto CoThti crbc8tn for & perfod Df JI asl We nY)nths frfrtn tsfinorxi81 SIStents 8rè athhorlsed for&sw. Our tESpatthllbs atKI thD Iredre{A0Bwth rnspKt to9 cOrn arndoKdbBd IDlhe rgthnl sectsn5 ofth& repo The olheiinf?Iknn Compr8$ fOrmln included In lh8 annu4 Keport oth8rth3n th8 financial and ¥udito¢s report lhe. The Iru31ee directors we respob forlheolher inlcrnalb?n contaned within Ihe report. Our Opinnon Ihg finanENIl stal4mBnts dogSllDtThrthe olherltrfomaikn)and we do not axpress any foryn ofasswan concl Ih¢wr•, ourrfrspor1lty to rfjad thfj thr l•rma9Tr and, dolrvj so, Conser ¥¥hetherthp olhgr knfurmalbn 45 MalerlY len1lh lh8 fina11 slqlernwS orourkrthltrdu¢ obiaintsd in thts cOue of Ihe 8vdil. appeatsto be r¢trIalty Misst¥ted. kleTWy #uch materi•l kncor¢btcs0r3pParenI Materi mis3talernernts, we 4r¢ reouired to detsnydne whethfrr thls glve6rf9e lo a materfal mis8ts1enI fiaral 81o1ernentsthem68ts. 11. basgd On theworkvAry pwfcrmed. w•conctyJde thallhero rna1• ff4ES1at8r g1th1¥rfOm)'0n, w• are teqthd to report Ihal fact. We hg¥e nothlngto report in th regard. on wht¢h arv rnqvlrod to report by yx¢wOoD We have DDtr¥ng ¢0 Wrtin r•sfv ofihe matters kn 81t¢ wN(l)Ihe Charftk$ (Awourts Reportg) RegUbln$ 20D6 requirg US rèwrttr>you rf. kn ourwDI(Yi thè Inlom8tlOrn In the finttl Stslements ¢¥ inco151 in wyThaterkg1 tc¥ wilh Ihetru3teB dwe¢r¥reP0rf.. sufItl8MaCffllny rK4rdB have been k•pL If thfrfinsr *alemenw are ml in 8gre¢rngnt¥Mth fv accwnting reGDrd5', or w& have 011 Infonr•tlM aThJ we reqre brow
THE ENGINEERING TRUST
INDEPENDENT AUDITOR% REPORT {CONTINUEDI
TO THE TRUSTEE OIRECTORS OF THE ENGINEERING TRUST
R•¥ptywlbllMI•B of tIU8kn rtorY
tstxplain&d rnOTe fulty In Élalemeni•f trvste dIOr$. respoDslbFI, trlwtee dlrerlor9, who 8re atso thedwe¢iorg
flhv group for pJFposeofoJmp3ny L7w. are ruWtsIb1Qr Ihe prat?Th ofthe fina[al sktements forbelrg
gaiGfi&l thalthey 8 rand fairvkw. and forsu¢h imeM ¢oMrd asttrlE dirEctorsdnnffle rs nE¢¢SSary lo
eTh8b Ihe pieparatlDnolflnancl81 Slglwnènts th8lsrg ftrofftyn maièiial mls&tsmoni ¥Vh•trduÈ ts frathl or arror. In
prepating the finanda15tatemer]1s. th? truslee direct5 are sprrIh1e for as5es51ng Ihe group's ablity lo ronlinup a$
Ino wnoern, disclon9. as app1kAb, mair¥ Yelated towng t¢teM Using the g0wnCeMbaS1S0faCKOun1lTrJ
unle8Slho tnJ$t diractorsttiher intsnd 10 Ulust the Cribte cJJmpany l¥tOa$e opetations. or have Th) rfj31
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tors r•sPolbbl1doI fgr Ihg ¥u¢lI 011 flnwclal $wements
We h¥ve baen appointed 888uditorund8rstr¢hots 144 oftha ¢harilsAct2011 and roport in acctrdarta wlhthe Aci and
re r811)$Madfrar homng elfeL#lh6ffjLYth.
Ouroblectwe$aTe to oblaln reason•bh 889ur8rte stalcmBnl? a3 arvfr¢c Mateal
mi¥slalement, Whthr¢t¢ fraud¢t enor. 8ndtO 8#ue8n rewt opinion. Rea¥onab aeeur8n
a high bvel of a55ur8rro bul15 roto gL4qr4ntgp IhR¢8n 4uthtcoThtstycted in aKord4nc¢ ISA5 (UKIV a1wa>E dptect
maletsl latMe when11 eXlS. MSta19m01$ CBTr fromfrdLthI or em)r dre conshlered Marial if, indivmy
o[ inthc IhBywvld reasonably teexpxtqd toinfiuenc• iho econcfflic Df usetaken0 I1 b87i50f
lhe I8nd$1 stalemerts.
Irre9uL4rIiS. l¥Jd fRud. are Instarttsofr
THE ENGINEERING TRUST INDEPENDENT AUDITOR'S REPORT ICONTIMUEDI TO THE TRUSTEE DIRECTORS OF THE ENGINEERING TRUST V••ulour r•port Th18 report l m#dt SLW tolhe Chari$ lfttèes, as a b4dy, in part 4 ofthe cha1 IAt¢Mts ènd Rewrlsl RegJiaikffi¥2008. Our audrtknvrk ha bean jrtaktsn sothatwtr miomthte lo the ¢h8ritr8 tree$ those matlets we Are rewlrgd io st41e io Irn In 8n aLdItO¢S report and for r¢0 ¢thgrputPOSo. TD lh&1st exleni pemllled by law. we do ul accql or responsibAty to anyone other Ihlln the cknJrbi nnd kne tharly'• INslees as a body. for owwjditwotk. forthis Mporl, orlor1 OrAnts} havtsftsm. HBreTrlra KbhJrl8lShah (FCcAI(SAUdM) For8nd behaoIsh$h & colk¢nts) Ltd Charttt¢d ACunIntsasIalutory Audkors EIVJIb lo an auditoi ifitshnsof8don 1212ofth• CoThwanie$kl 20L cash Centro 1$1 Fk 228 W(9t0n RoJd Coven Wst Mb4145¥Js CVI 4PB Dat9: 23 May 2025
THE ENGINEERING TRUST CONSOLIDATED STATEMEfrrr OF FINANCIAL ACTNMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unr¢•ty¢ted UrvestyfA¢¥ 2023 Incorn• and endowments friwn: Chab acifvtties Oiher tsding octv•nle¥ 42.931 1,437.237 1,779 3&846 26.921 1,1W.83 Otherltv)me 57.561 Total It)e•m 1.$21,593 1,186.880 RairfiM)ds 1a83.158 1,141,910 84,0 61,452 1,467,194 1,203,262 N•t •xpfidiwr•foT th• ygarl Net L107n r•¥our¢4• 54,399 116,5021 Tati[ 124.1401 12.303 Nétmov•m•ntln 30,259 14.1991 FLmd baL1 I Sept8mb8r 2023 154,047 158246 Ftsnd balart¢•s at 31 August2O24 184.306 154.IM7 Thg slaietnort tsffb)ondal aGiMile51ncW&sl g8in$¥nd wnIsed in th8 y&Ar. Al In(402nd txperditw#derN frDm conbW¥thfi&es. set of nThKlal a¢tfvl88 al80 complÈ wllh tho wunments for On Ir2 expemyrtiye dCfQUrt uthr th nles A¢1 2C)6.
THE ENGINEERING TRUST STATEMEKf OF FINANCIAL ACTIvrEs INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR ThTE YEAR ENDED 31 AUGusf2024 fuThJts 2024 2023 Charflabb acl¥Ni8s 26.V21 110 Totsllncomp 43.041 27.117 84.D35 61,452 Tota•ywdlthr• 84.035 61.452 •xpendIre10rth y•wl Nel c4Jlqoln9 rnouru• 140,g441 (34.3351 riet mDvemDnt In funds 14).9941 134.3351 Fund baLorK68 8t 1 Septsrnbaf 3)23 169,56 Fund LwlaThG•s at Jl 2034 128.575 169,509 The staienrntoffinwal ar rBcow4¥ed withe y8ar. Ml incijrne andexpendiNJredE ffarn continuwwa The ststsm¥rt rinAn¢ffjl actiVil# Alao wmpll¢• wtth thè reqrentS IrOrr* ard 8c¢tyJni uthgtr tho Compan[esAet26.
THE ENGINEERING TRUST BALANCE SHE ASA T 31 AUGUST2024 T¥u¥t 2Q24 2024 a)23 2023 FLYed 16&17 18 162,e07 191.493 160,000 160,0 162.607 191.493 16D,380 160.760 Yr•nl a484ts Dèbtors Cash ai bank and kn IWKI 20&21 231.149 191.106 IYd,224 5.013 8,211 1.4J4 32.4d1 314244 323.330 13224 31875 r4dllgr¥: •rKyntsf4ltfigth•wMhlno 22&23 1258.3981 1293,3101 14&029) I25,) N8t uMrnl 8ssels 55,846 Totsl ossets185$ vJrr•nt IIWIIIPG 218,453 221.b13 124575 169.569 Cr•diwrs'. 4mounts fallln9 dw alt4rrnore thar• on• yeaw 122fft2n 187,4681 Provlslon kn IlablW8 111.5201 184.3( 154.047 128,ST5 169.569 Incomtfundi Gprwa1 LfLresirfded fittTrJ8 le4,$ 154047 128.575 189,589 The Grffipany enlliknd to thtèXWPlioD reqthremorf wlalned h so¢tbn 477 Ofthecornpan8A 2006.for yoarended 31 AyJu&2024, allwhan au1 hPt rAthed rAUnderon 144 ofthe Cha188 Axa2011. dlre¢IoTsadfr14Qg thÉif rn6p0ThgIefOr¢Ompty9WHh r?UmentsOttho compan¥2{Al8WÉh rwxl I04CCCiUrthD rrdS9nd prew¥iion offhU1 st4t•iients. Th• thanal stsbm&%&wore apwo%*d by th•Tntstee DkEctors cm 23 May 2025 MrRPknTh Compony RoAfj$iraiion NIX 017I633J
THE ENGINEERING TRUST CONSOLIDATED STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2Q23 Ca¥hflowB from oper•Ung 16291 P2,5001 Purdwseof iarvjibkn fix assets Sak ol LgngtlefL¥e¢J 48sets Irwesimenl irKome r¢cved 161,65n 48.620 I,026} N•t ¢ash utsqd In InYeBflng •¥111¢5 111.2581 1,4861 FlnBndng •cl¥l¥ Paymgnl 154,162} p4rf¢yfv InllTh•ndng •¢UVM•I 154.1621 149,129) 1118.wl Cash and cash at beginnr¥ ol)wr 132.224 251,210 Ch and &l%h o¢wlv#l•nts ond of >vr 83,0 132.224
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2924 Ae¢wmingwJkl•¥ Charlty Informitlon The Eng1n9Tnj%l ts a prf¥at• cconpany lthled tyy gu8raTrtee Irp¥ In En94nd d Wal0& rg1ored offke 1$ 11 Wedgbvood Road. B#¥1r. TrAfotdshlre. OX26 4UL. The finalal slalemenls beenpiepareil In awdarKo%%llh the grwp'6Memoi8ThJum aTrJ AKklesofAs80claUon Inc4ry>pratsd 14 Marth 1983 ai arn)ded January 2024. IheCompante5 Ad 2008. FRS 102 rh• Flnanclal R•portlng Stsndard applKabk in the UK aThJ RepukAic oflretand. I'FRS 1021 * the Chairfies SORP"AecwNiro and RepOr by ChaTtes.' swemeth of Recornmended PractiGg aple 1gchariU¢$ ppp£lNJ ¥¢courts In aXQTdanGe with ngnclal Reportlng Starvjardappwth In the (IK ar RepubVK of Irela IFRS 1021" leffectiye 1 January ?0191. Statement of FinBnc&qlA¢bwbeA (SOFAloj b8iw¢g 3heBlGDFwla1p rinl4 8talernentsollhe Iw¥t and it5 subs1dty thdertakirKJ. TJ re5utsoftha &A)5thry are ¢DnsoUdateLI on 8 line byllne ts18. The Injsl L4aqualtySng eniityfortho purpose8 OIFRS 102, belrg 3 tnernLErof a groupsvhEre Ihe paienl of Ihalgreup pr¢pare8 publrty #vallablecDnsdthled fin0nclst#lam<rrt$ indudirvJ lh• tntsL swhth knlendBd lo ITU9 and faSr vlev4 ¢f assets. billI. 03dlo5ttbn And prDflor b55 ofthe (roup. TMlrusth8s Iheretore 18ken 8dvanl89frgf8xqmpilDns frornthe folhxthg wulm¢nL% A)tpar@nitomiany hftsnnaibn PfÈ8èMfjrf wlthln the{01¥[e finan81 stalerncr. Sethon 7'Siatomont ofC$$h Nows.: Prnsonts¥M ola skièrnenl ofcashllLW and rekled note5 and Th&finAn¢otstJtèmts Ire prop•r£d tnsterllng. 181hefu0nll ol th6 group. Monew aMots Ihesp 1Statemnts are rouTrJedto t£. The financial Siaiimérts been prepared tmderthe hist81 COmfflion. Tht pFin¢y ptswes adopte41 are Qwbglow. 1.2 Golng conwn Ihs IlrneofAPpron9 ststsmonL. tho dror hav•b rèasonailtr OXP¢Etion thatlhe gr ha5 r080uicBsIL7CIIuP h opeTrth)nal •n forth¢ lot•58o8bl•f•. Thus 1tt[e d11& conUnL lo adopt the gcxnu (tr bagLa(x01lw kn PfeF4rirythe fina31 skiernent 13 Ch?rltsbl• lumds UnTesirfcied fut)Jse avaUablFfor u5B all dwretbjn Dltro In dlrortus In lyth6ronc of Ihear chaiitaN Cbieclls. 1.4 kncurne Itxymne is reco9$1 wffi6n thègroup Is gaI¢Illl1Q rt afigr8ny perrcrfm0e Mndhbns have been mei, the sean bo mea¥wed rellably. 4nd11 yobAblo thai 1m0 wlll bè rBCSBd. Tho gruwp'slncorne Ls largefrOrn OfEnbs•rfnQ TMsiTAlnir¥J Llrnltéd A &gnifttTrtwoportbn ofthis reLqie¥ ta ¢ornra¢tswith th& EltJn ardSki115 FuThllng AgewformrJnil¢ring and 8W$5mgniof ppignb¢eshlps In engin8eiing. Tralniw revenu2 15 rectynised In iho Eervt¢e 1$ proyiyed. ere paymenis are reeelved ftr) ¢ustomets advartrp provided. amounts aro Cord¥d as dd8rfgd incomp and Cluded45 part ol creditaf¥ duBwltr47 one year. Inrome Irom unibied Irwements Is recognlsed M a recpTr4bk OtherGEne ThadE up Ivants ard a kenEefee lorthe LU• oflh6 ¢'straIni f#¢ll'eB. 1.$ Exwrfilure recogThsed ortttr*re a le9 orc47nsknKle0b43aDThkn tr¥nsIere¢o(yThèbene1Io a Ihird pany. Is orobable that4 tranr¢f ewnwl¢ bon68 be qlI in sèluèmert ond the 8m(MJnl or1OblIgali0n ¢bn be measwed rellabw.
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEirfs (CONTINUED) FOR THE YEAR ENDED 31 AIJGUST 2024 Attounlng pollel Expertdituo¢ te¢4onited on¢tr th8re tsgblorwwje (l)Ig8tiw totr¥Dsfer benefil to a thi pty. it L5 protbI?that 8 tratthrof•eomMtsefts ¥il t¢ rewTred kn 8ettlemert and the 8mwntofth&oNffjatson fn measw4d relabty. Expenditure L8 claEsMSed tyacimty. Theccts0fhatbVfy are made Lpof the toial ol dlred usts shBred costs, )cluding supportcosls u1v0ed in undertk9ehHIlvlty. Direclc09ts 8llAbulabk Its a SIle actiyhy a 7JIttEd directylo thFI aotNty. Shared¢o$l$whKh conirbjie lo rr than one Aciivity and supportcosis whkth are rnl aNnl¥J¢abk to a s9[e aGtivilyoro8PPOtUonfjd thD¥exlivlbBs a basis Constentl1th the use ol resoutres. C¢niral staff tosts arè alkncatsd on the bath oftthespent. And ¢JaprerJall tharps allocated on Ihe ollhe 4$9¢1's we. Tangibl6 fixeé assats aré na1mesrXtCl1rtd seqnymeaSvTed 8trKA81 or valuatA) n8lof depr8¢LglkJf• Ar any krgHlnngrl reW9ned so a5 kn wriie clf th2 c05t or valsatkn of assets s8 res81 values 0r thdr useful INes on loknvi)g b8$'. LvaEehO ryD)vtrnants Ptsnl aTwJ mathlrtry FlUres, & Muwent & 8wlpmeni St1 lints rtver IN¢ of Ihg1¢8 15% Reduclno bal¢ 1&26% stratym Ine 25% Stralgm Ilne T1 gslnorks atsh9on the dlspDtsI oranaet15rqffr1Trqd4S thB dlffgrEncB trw sdg ¥d6ad the Gairyity walwofthe #s1, Jnd 15 intsstJtern•ntoffinai Kti¥ibvs. 1.7 F•d a•1 InYo5 Fd 855et Invpslmpni¥ 8r¢ 3tWSt. A$thkli¥y Isan entity ¢onliold by Ihègmw). Conlrtl govtm Iho financial •nd 0parat9 theeniiiy $0 8sw Obin benefitslrom its att$. 1.8 Inylmi¢nt otffixed Al eath reportlngend dat&. gioup revlews amouTrls 01rt6 JbasSets lodelermTne thelhwthere any indicaD Ibai th080 assets b8Yè svltered 8n Impawm&M Wanysh indkalion ex¢kn the t9coverab 8mtyAt ofts aw¢ L8•6fynBt¢d in ordorto detennllea¥tDl ofth• lfflpolrnenl loss l¥8ryl. 1J Ca9h Und #oh equ1191 CHsh and Lsh eqUal0S indudeh in h8rvJ, deposits hBbJ CHII with bank8. oth0r 5hort-tem ILd InvoBlmEnts wfth Ma80[th? m¢¢)ths orless. bar ovtrrtrnts. 8ath ov8rthaltsafO shown wilhln bornty¥lrslD Currenl lbill. 1.10 FInan¢1 InBtrunxnt5 The 9rtsp ¢IÈLtd to apptythè PTOMlons ol S8¢t)n 11 An•nd•l Instwmwts, gnd 12'0th8r fftnanci31 InstDJmenlB IsBues' olFRS 1021¥ of tts In¢51 SwIrnts. FInals1 $tMentS are in b411 the1wn tt9roup bwryne5 partylo IheG¢nlrndual oVtsr¥I th? in¥tsumert. FinancialasEe15 Bnd fiabiliDe5 are offset, wththe rt 8rn0 prwled In Ihofthancbl thete isa leylly eThforteab fvjhtto sèt off Ihe recwlÈ&4auhtsOrnd the Is an InTrIk ts sewe m a netiias orio r¢8I8e as1 and sett tho Ikybilrfy smultaneously.
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEPThS (C(XINuE0l FOR THE YEAR ENDED 31 AUGUST2024 AccoLtniiw Icthiinued) SaC Bnond•la¥8•ts Ba6ittfinanGL ets. IredeL alld£ash and bAnk b8lan¢e5. I1Y nasured al tra5Cl prke induding Irensgdknnc081s and are sJbs4uerdtyG8rrfed 8t 8morttsed cost UNJtha Èffeclwe inlerèst melhod url&s8 Ihe arFaw¢rn¢nlIieS a lryan93th0n. where the trSnwtl h MSu4 atthe pre1 value of the fLure recelpLsdlScuD1eo al a of Intefyst FingnGial4ssets das6ffied as re¢elvable WAhln ong r aro B•81¢ ffjnn¢l•l Wllfj 8as fina31 liale$. IlLlIng c110 and bank loBns are hIlY recognW altrEnsxtion prK? UeSsIhe arr8ngemenl conslftutes a tra8¢t10n. th• dèbl instrwnoni i¥ mèasured at ihtr pre1 value of Ihe fuiWé paymorf&diwuntsO 8¢ 8m?rket ia oflnteresL FID1 class as pay8bfe yoarwe nDt TracrediioTs8re oL4gaiiong lop8y frXgc#s or sete$that havE bqfjn acwirpd ordil8ry¢ou9 of operations Irom SW)plr8. Am(wnt¥ p8y8bl8 818 ¢L86$if p5 L3JTh8DI lab1¥ rf Fqym•)l 1$ dthin on8 yt•rorle If w. Ihey we presenled as nonD bfits. 1.13 R•tirsryrit b•rfils Payments w defined rettsemEm ben¢ft ¥¢kne5 Br• chjryed as an expenw a5 thByfall ¢ue. 13-
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED} FOR THE YEAR ENDED 31 AUGUST 2024 A¢00119 P1?& IConlnu•dl 1.14 Leaves LW&r• ¢iassNkd¥sfinance kssa¥whenwerlhA tsrtrofthe trdnsfgrGub9tsThtsallyall lh& rbk6 rewards ofoYKwJ5hlp ttr thp Auother kaae88r8 8swTrting 888$. As¥?iB held undor fir&its ro¢ognL80d2sa¥ets al thè bwerofthe •tsfr valve 81 hdate ol •ThY pres¢N lu& ofthe minimum lesse payments. The related trabifrty LlnVded pn kne b&Pae sheet a$ 8 finance Ipasè ¢bligEllon. Lsaag paymenLq aro tTraled a$(xnilny of caplla 8nd Intereabmtnts. Thp Intetegt i$¢harggd lo not thGthnellexp2ndlluig1 for yearwasty prDthe o ¢¢nstatrt pewt r8olintere¥ion remai9 t•l8n( of RenlaispaYaè unthr ¢peraln9 lèaees. udbv0nyr88S8 recehd. arechawy as an expew OD Siralqhl lih8 Lsverlhw Iwrn Llthe knaw. 1.15 FOr•n ¢x¢W• Trartsadvjrs kncurrents ttherIhanprltystsrpSrOloÈQrdOd 81 th8 f8ies of•xch8nge prdYall• aithe dalès of the trao. Al eaGh rewrbro erKS date. rnorwtsry asEets£ l¥bIlitS1haI a denominated in foren GUT[en5 are retransL¥tsd at r81tss prevaSltry on th8 reportirHJ •nd (faia. GnS And h)£ses ari&ng on in peri4 are lTrded In ihe¥tsrfThtoffThin¢laldtss. 1.10 G•¥•rnmEni qi•nts Cranls Alè ¥¢¢•unled for on a recew $1$. Grantsfor(pllal kms ryedfted lo the cosi Dfth6 fixed asseL CIlUc aC¢tyjg andludLffJib In the applI¢n Ofthe grgup'$ acntIng pc4ths, th¢trtee dlrectors orp requlred lo make luO9emerts. e8tknal95 Bnd assufflpts aboul ¢rryIng of0 and I1111•5 thglare nol read41y apparent froffl olher sources Thè étstimalesand associated aUrpDns are bad on h0rAl txpErierKe and Dtherlactorslh81 are con5haered to b8 tolevanl. Aci1 resulls mByd¥fetfrLYn th¥e e¥brnaies. The e51imaw$ aj Lpndwlyiffj as5umptbns ats reWied gn 8n ong9 basis. Rebigons lo accounn9 esllfflaS re nd In Ihe ptrricd in Ihtr estimai4 whw¢ tho rtyvJn atfec4¥ only Ihat perbd. or thè period of the revisn and fLrturè penodsw4htsrÈ rethon aTfects both ¢LrnI ar fwure perbd The ¢olhwlrKJjudgwnents havo bBea rn• prLKes5 of3Pptyg abo¥ea¥unty mgsiEsthat have had th most siwCnI effect on amounL8 re¢ogn1sed Infv fth1rtGt•1effl.. rr Tumov TwnovtrLg reccw&ed Ihe iwainkno i5d2lver&llosLthrts. rnl payment l¥ Fec41¥ed. -TaTrJde fixed aeao13 Dgpreclation Is waded In ordArta Wite off 48tel Lsyer ltsestknated lffe ¢x. ifhakl under a flnance lès&e, ver the kp¥e tem), %YhKhevBr the Ortor, Thg actY81 IiY85 of t9 assets are Eyrewtd amually m3y vary deJing on a number of Irs assessing assei nyes, factors $u¢h aÈ Irf& Gyde$ and fflalntenance pioorammes re tskn Itrto aGwuDL ReGbYual v8lu8 assessrnenl Codp1S 45 thè fe Of a%5ets AThY proieclad dispxal valueg. . FlnatKe le or kna8e In d*lgmiining whAlhw enlerod frllo by ¢ohpany, tlth&E 85 s $sOr cr lesse8. are OperA or fiDancs lJases. the diOr$ thve assessed Ktslher the Asks and rvard¥ of ha beBn Ironsferrtd the 1¢5sorlo the bsseo an dId01 lease by k8$6 tafls. 14-
THE eNGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGusf 2024 Cwlll&il accDunllTrg •sYmw •ndludg•Mts ICartknued> The key8witssoftttimthon uwLrfalnty. - oftsrwjbi 16 fixed assets In dermnIng whether IGatO Df Impg&rn•Dt of th& mPr55 ts8d &Èsets, fo¢tors 10 into cOrhryira1iOTr by the diredors SlUde tho •¢onomk and whether Ihere expectsd luluE ¢8sh ffihys 10 b8 98ner8tedfron wJch asst ChDrfl•bl• oetitAlle#-CoMolld•tv¥ •MI TNgt &JrMw SurMnBr Camp Incomecwnp Incom• Sakn thllr1ab 42.931 28.921 Olhervadkna a¢tlvN1es-CcMdth1 1¢1(¢41 Unr¢str1¢ futtl 2023 Engweering appr0ntsc88hi •nd Olh¥wJrk4•8td tralr 1.437237 1.1Tr).838 I5 lunds 1,779 t.540 15.
THE ENGINEERING TRUST NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Invukneni%- Trtmt Vre8irkkd lIntrI¢l¢ nth funda 2023 Interea reO¥ob Unr•stAct Unresithd 2024 2Q23 SpJn*iyshlp and gronl reTh 17,755 21,891 22.561 39,646 57.561 Ralslng lund•- Conioltdat•d UnTOgM¢led Unr•&irfct•d 202¥ DIr(ret5 rt CA)8t8 167,024 1.216.134 2,641 845,269 1.383.158 1.141.910 16-
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEKfs ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 chri10 atllvtd•ts~Con¥¢41d&tsd 2023 280 13.647 CD5 44h51 45.031 14.027 Sh•w 018UPWrt VJ318 (see note 111 Shllre ofgovoMa wsts1$88 note 111 29,705 9,0 37,125 10,3QW) 84,036 61.452 10 chbIt¥Ith$- Tiiiit )24 lect WJ19 44,651 13.647 45,031 14,027 She ofsuppDrtcosts1s8o TrJi8 121 ShorB •f rwÈmance ttLts lè 121 29.705 37.125 10,300 39.005 61.452 17-
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMErs {copinNUED) FOR THE YEAR ENDED 31 AUGUST2024 11 2024 SupwtC05t5 Otyrtrnanc• Stsff A)Sts DON¢k81ion and (profito550nd1¥?l 849.076 849,076 584.7 584762 20.337 72,097 20.337 72.09Y 41244 4#.344 Mk6tinoanrf promthn¢f ngint8rino In5urtrnce Compuier costs Jr and tr4vd oxpe+ Sll>ripliorand 1.538 6.520 4874 .173 5291 5.015 24878 51,Onl 4291 S,Ot5 24,878 51,070 53,87 63,1n 1255 18.061 2,255 18.061 Prlniino. poag8. 8ts11orw8nd advert9 1rrDverdè VAT Other cosls 14,212 14,212 51.824 80,450 51.824 80.456 45,886 15,400 45. 15.460 Audlt¥d a)ur Lggal and f8 Consulllng fee 22.W7 22.PA>7 21.574 4,D29 23.109 Z1,574 4.029 23.109 24528 26,538 1,168,121 572Y7 1,225.35a 843.982 712 892,894 Trading Charitabk 1.138.416 29,7Q5 47,937 9,2 1,186,3S3 39,OL 6.851 37.125 2&412 10.3 845.269 47,425 1.16Qt21 51,227 1.225.358 843. 48.712 Go¥trTr8n¢s ¢os paents to the authw84f £15.1))012023. £9,50016JraJtt 18¢8 ?b-
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS [COPINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Sllpport COÈts-Ynrtt Sur•ortcosts Gov•m•n¢• 2024$upport Gov))an¢• 20Z3 Premi5eB priSes 1,WJl 1,WJ1 iiry 0th8r¢08t6 1,538 26,623 35.1 35.19C anda(xtyJnt 9a00 10.SJII 10.300 29,705 37,125 10.31KI 47.425 Ch[?b thibes 29,705 9.300 S9, 37.125 10.3C¥) 47.4?5 Go¥ewn?aU4ts I p8bWOrt$ 10 tha auditors 41E8,50012029- £5,50DI Iwaudtt fee 13 Tntst•tr Nor•ofthe iTrJ%io8 sjhciors lorAThy p8r5a con}11b iheml r8cd¥ed 8nyIMraIlQ of benefrtsfronthe groO[n0 thÈ ye¥l2023", Nill. 14 Employw- ¢•wMdJt•d The 2varaw nx)rthty nLnbÈr Of¢re$l0rth0 th¢yr 2123 Numbt Number 2$ 14 The tDJ had no empbyees ¢wr¥rt Bnd prVvh) yejr. Employmortt ¢o*ts 2023 716.685 66,531 39.539 476, 45,454 26.750 s(al 8ecuthy cosis 24,755 548.697 19-
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS ICOPfflNUED} FOR THE YEAR ENDED 31 AUGUST 2024 Ery10y-¢0nlldal•rt Tn•l IConknu•dl Tr¢ nurntrkr olthmWoyeessYhll5e annu•lremunw8tionwa8 moro Ihw £eo,otr) IB 48 2023 Nwmber Ntsmbér £80.001 Ip £70,0 TortUp m8kv6paymènisa defined penOn lortho benfft ci11semFty. ThEpen5ion m8tlorthtry&arwa& £39,&3912023.. 2&7601. 16 TanObl•flx6d a$sts-CThLqfdakd Pl4nt wffjd FthJ••. n0> Tthl Co Al I September2023 Addthns 109.424 101.849 11,561 {48,e201 132.2911 20,343 6.527 234.616 61.657 I620) 32.291 At 31 Auousl 2024 152.993 3SA99 5>.161 247.653 D•y•claiion and Irwm*nt Al 1 SeplembÈr 2023 Deplat)n chaw In y6¥ 18273 29.099 14.S15 17.326 (7.2931 {19.2241 10.335 2,791 43,123 49.216 .2931 19.224 At J1 Au$l 2024 47.3r S.Y24 32,350 .046 carn9 wmunt AI 31 Alw 2024 30,175 26.811 162.607 At 31 ALW¥t 2 91,151 90.334 10.W8 191.493
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 17 T#n9lU•flxèdatstsg19-Tnwt Ffjxture4 fliYDg• & ewipm?nt At 1 Sepwmbpr 2023 7,250 AI 51 Aw$1 2024 7.250 ond lThwkm•rt At 1 S8ptfjnthr2023 DeweciElon thaTg2d kn Ihe year 6,4 At 31 August 2024 8.870 Cnrrylno AU1 At 31 Atwi 2 AI 31 LS1 2023 760 18 Flxl &ssotlnve¥trn-TOMi Other In¥esiments C••tor Al I Sqplembw 2tr23 & 31 2024 160,000 Carrylng amount At 31 A9[2024 ieo.000 A131 st 2023 160.0 InveBtmMts In 9Shj*Ss 1f4J,OOQ 160,0(YJ
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEiirs i¢oTrmNUED) FOR THE YEAR ENDED 31 AUGUST 2024 DtiL% ofthe 31 Auou 2024 are IlamBol undwtalNA Ctsss of $hoM Held De¢t Inthre ETrJrmg TrustTt4inir Lkn 11 Wedgwwd DelNetyappwerththlps8nd Road. eke8tw. tranu¥J Oxfwl?hlre,OX28 7DY Orthry 100. 2024 Amounts lallng wllhlTr •)ne yew. TrÉde debtorB Oiher detlors Prepayfflonts or1 inwme 138,062 1D,736 82.351 103,950 10.787 231.149 f8llio du• ofter mDrethlln one >w.' Delerrod •sllts 261 12,303 Total dtrbtar& 231.149 191.1r DeblOlS-Tntst 2024 Arnwtht•Iln9 du•THthln on y••r'. VAT Pr8pwyowI8 aThJ atULd 3.081 5.031 1,434 Cr•ditors: &Thunts fthiino on• y•ar-Crwold•t•d Obllo•Uon6 lOrrar ka¥8s Other tsxAlkJn and swlly Tradecredit Oil*r CorporplvJn tBX Ac¢rual¥ and d6feff8d 7,543 19.508 149.682 32,707 317 48.647 16,866 27,72S 148.Q01 19,02e 81,691
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONfiNUED} FOR THE YEAR ENDED 31 AUGUST 2024 23 Cr•dltor6.' wl111¥ faifffjo dts¢vJl¢Nn on• y•aT-Tl Trecrednors 2.196 31,905 6.793 4.175 as(NJ arwnt¥ ¢¥Yed to sub$vary ¢nlerlkn9S Ac¢rtwls and deferred 45.029 25.C¢6 Crèdlt+)rÈ: 14Nlno du• aft•rmpr• OD• y•ar. l(qatknns ljrinrKe I•e8 22,627 $7,466 25 Wkhin ¢n¢ yeBr Wkhln and 7.S43 22,627 67.466 30,17D 81.332 Taxaiion DerTa¥ t4X The folbwry ale rn8r def8rr8d lax lablit8 and awls, rfjoyiwJ by the group mty8merfs thprKffl'. Grtyjp (40,5SII 29.03T 147fft3) T¥x bg$8s¢arrted loNrd.al 111.5201 12,203 rf8rd tax Assets and lbIllIeS are 0t(5vlvrt1O group has a hgalty8nrotc6ab Wtot*) $0. Lq Ihe atsly5isof the d?1Tqd tsx bal8nco8 lan•relfa•tlfor rinBfflcp reporung PU .23.
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED} FOR THE YEAR ENDED Jf AUGUST 2024 IC+thye41 Tax&iiu Movements on d¢f•ffqd tax Atteleratad ptta1 alk)wanc Tu IDSSUS Lxrnild forwèfd 14Q,5571 29.037 U8lity al 31 Augu512tr24 111,5201 An•ly¥l$ of th•ts¥ chil91¢re trx thargel(crodllltJ) 2023 t8X 317 Dgforrsd lax 23.823 112.3031 T•x On 24.140 112.3031 UKCorrMyatkn tax charg¢ h&¥ bven tjxed al 1WA. 27 Op•ratlng le&m111n1¥ Al rewtiry end dale Ihp 9roDp had ftyfthwe mbjthwn k88e psymS undBi non- caelb operBElw leawts. whKh fal du6 asfollw¥'. 2024 Wlhln >tar Betrween and fve years In over fi¥0 y8*s 49,87$ 109,714 143 $4.189 140,894 324.415 195.083 -24-
THE ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED) FOR THE YEAR ENOED 31 AUGUST2024 RolBtsd p•rtYtr•rn8 no the ye4r the INst¥e¢eived lfftxjme thEfoMowkng comnIes hi som of tnte Iwe an intere<'_ N8¥tvth Rad8rLlmlled.£N{202j.. £1.016} High Spec Conw&ts$ Ltd- £3512023.. £254 Duthg IhF y0arEnginn9YrLWlTfalfftg L¥ntt¢d •ndlor I•XPOlldttur•llromlwlh foll(n9 c0rnpsng x¥neoflhe ¢ryJees havean INeresi'.- Navtech FladBr Llmtted- kncomB E5.22712023.. £S,4701 Grow TralnlNJw¥J 0bpment Um8d- thLY)fft £NI12023.. £4Q0551- EXrttLTr £INIll12Q23.' U80.31311. d10} IFp ptoverAirnpJns 88¥1 w¥e a$ Wovit. Nakn Radar Lkniied- £Nil12023.. E2.7001 Group Tmlthg and O•v•bwert lth- £23,61912tr21. £12161911 ThEWOUP has takw 8dv¥t&a9v of tr0ex0ml¢r by FRS 102 Se(4h 33. Th)1 to dix&se trBn23dtins 8nd ouigtsdjnq baLSlI En9T1u Tr8lnlw Llmii6Ja$ by The En9lr)Eedn9 Tru. 29 The ErvairLeerfrffj Tru8& ¢onwny limknj byouarante& Inthe each mÈThteT l& ll8L 10 conthrrtrtg n(l•x¢lhg £20 flhW¢I• ad8fid8ncy ofas8thS. 311 ¢••h 9thi•rai•d from Opèrauw-C•fv1Q1dthd 23 YpIu51(Deficlilforll >wr SD,259 14,1991 Taxakn rJsdil• Investrnenl inrne in stJtemorforrinsnd81 advi (G41nO&S on dlwosal of langitle Ilxed assei¥ Derywall ind knw•lmenl priangl& fixed ot¥ 124.1401 11,7791 1729$) 49.216 112.3031 11,5401 20.71T 14tsvementsinvthln9 catal.. IlrKrfy8seydvuease ID debtors 1KreaSlEcre1¥l In ¢r8thknts 152.3461 125,S¥J61 126.6B81 Cath ab6othd by •pw•Yo 16,291 (22AOOI 31 AnalW6 of thDnges in nvlffiJnd5-C¢Jn501d•t•d Atl Sipi#nb*r 2024 at bank and in 132,224 149.1291 54.162 130,1701 47,892 149,1291 54.162 52,925